Iran’s NDF Holds $43Bn In Reserves
Iran’s sovereign wealth fund, the National Development Fund (NDF), currently has over $42.8bn in cash holdings, the fund’s managing director Mohammad Reza Farzin announced on 2 December. NDF’s assets are expected to rise to $55bn by the end of the Iranian year on 20 March 2013, President Mahmoud Ahmadinejad had previously indicated. Mr Farzin said that some $11.5bn of the fund’s accumulated reserves had...
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